Hong Kong's economic growth rate for 2004 reached 8.1 percent, the highest record in four years and, well above the average annual growth rate of 4.8 percent over the past 20 years, said HK Financial Secretary Henry Tang Wednesday.

When presenting the 2005-2006 government budget to the Legislative Council, Tang said that Hong Kong's economy was on the way of recovery.

Seeking development, stability and harmony is the mainstream social consensus in Hong Kong, said Tang.